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Edwards company contracted on 4/1/2012 to construct a building for $2,300,000. The project was completed in 2014. Additional data follow: 2012 2013 2014 Costs incurred

Edwards company contracted on 4/1/2012 to construct a building for $2,300,000. The project was completed in 2014. Additional data follow: 2012 2013 2014 Costs incurred to date 560,000 1,350,000 1,900,000 Estimated cost to complete 1,040,000 450,000 ---- Billings to date 500,000 1,800,000 2,300,000 Collections to date 400,000 1,300,000 2,200,000 C) Present the balance sheet disclosures at December 31, 2013. Proper headings of subheadings must be indicated

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